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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Room $ 217,672 $ 233,787 $ 629,145 $ 666,756
Food and beverage 68,899 68,371 221,431 219,820
Other operating 16,733 22,437 49,180 61,671
Total revenues 303,304 324,595 899,756 948,247
OPERATING EXPENSES        
Room 54,624 58,332 160,185 169,742
Food and beverage 49,174 50,381 154,042 153,412
Other operating 4,328 5,605 12,516 16,073
Advertising and promotion 15,015 15,325 45,285 46,252
Repairs and maintenance 10,876 11,859 33,139 34,798
Utilities 8,252 9,374 23,114 26,736
Franchise costs 9,408 10,591 27,402 30,009
Property tax, ground lease and insurance 20,944 25,649 61,941 72,413
Property general and administrative 35,003 37,828 107,698 109,384
Corporate overhead 6,392 6,046 19,918 27,222
Depreciation and amortization 40,442 41,331 121,169 122,911
Total operating expenses 254,458 272,321 766,409 808,952
Operating income 48,846 52,274 133,347 139,295
Interest and other income 283 576 1,127 3,350
Interest expense (11,136) (16,405) (47,018) (51,020)
Loss on extinguishment of debt     (259) (2)
Gain on sale of assets   11,682 18,223 11,682
Income before income taxes and discontinued operations 37,993 48,127 105,420 103,305
Income tax benefit (provision) 1,434 (938) 959 (1,256)
Income from continuing operations 39,427 47,189 106,379 102,049
Income from discontinued operations, net of tax   15,895   15,895
NET INCOME 39,427 63,084 106,379 117,944
Income from consolidated joint ventures attributable to noncontrolling interests (2,053) (1,982) (5,358) (6,643)
Preferred stock dividends and redemption charge 3,207 2,300 12,756 6,900
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 34,167 58,802 88,265 104,401
COMPREHENSIVE INCOME 39,427 63,084 106,379 117,944
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 34,167 $ 58,802 $ 88,265 $ 104,401
Basic and diluted per share amounts:        
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.16 $ 0.20 $ 0.41 $ 0.42
Income from discontinued operations, net of tax (in dollars per share)   0.08   0.08
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.16 $ 0.28 $ 0.41 $ 0.50
Basic and diluted weighted average common shares outstanding (in shares) 215,413 207,604 214,565 207,264
Distributions declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15